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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (41983)8/27/2005 7:42:12 PM
From: ChinuSFO  Respond to of 93284
 
I agree.



To: American Spirit who wrote (41983)8/28/2005 6:07:09 AM
From: Wharf Rat  Read Replies (2) | Respond to of 93284
 
Those four moves will bring oil prices down by 30% at least,

Wrong; the only thing which will bring down the price is a worldwide recession reducing demand. Otherwise, it is only going up; there isn't enuf to go around....

EIA: Demand will Outstrip Supply in Q4 '05 and Q1 and Q4 of '06

The Oil Drum
Friday, August 19, 2005
theoildrum.blogspot.com

Something we've talked about already, but more evidence of it. The EIA officially is stating that oil demand will outstrip supply in the fourth quarter of this year, as well as in Q1 and Q4 of 2006. (hat tip: peakoil.com)

The link to the .pdf report can be found here:

eia.doe.gov